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Group urges fine-tuning of US Fed credit card plan

Consumer groups urged the Federal Reserve on Thursday to make minor changes to a proposal requiring more disclosures by credit card companies to help consumers understand various fees and interest rates.

Nvidia Sees New High on New Chip, Margins

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Shares of graphics chip maker Nvidia Corp. (NASDAQ: NVDA) traded at an all time high on Thursday after the company gave an upbeat outlook for the near-term and it introduced a new high-end desktop product.

H&R Block posts loss on subprime woes

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H&R Block Inc., the largest U.S. tax preparer, on Thursday posted a fourth-quarter loss on the depressed value of a mortgage unit slammed by deterioration in the U.S. subprime market.
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Kennedy asks student lender cuts, shares climb

The chairman of the U.S. Senate education committee on Tuesday introduced legislation to cut government subsidies to student loan companies, but the cuts were milder than some expected and lender stocks rose.
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Komag Lowers Guidance, Shares Fall

Hard disk parts provider Komag Inc. (NASDAQ: KOMG) lowered its second quarter guidance on Wednesday, saying market pressures and product transitions have negatively impacted its quarter.
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Agilent 2Q Profit Rises 7 Pct on Strong Orders

Agilent Technologies Inc. (NYSE: A)reported a rise in quarterly profit late Monday, saying profit rose 7 percent in its fiscal second quarter on strong orders for bio-analytical measurement tools.
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Edison Intl 1Q Profit Jumps 29 Pct

Edison International (NYSE: EIX) reported a 29 percent rise quarterly earnings on Wednesday, helped by results at its Southern California Edison utility subsidiary.
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DirecTV Profit Up 43 Pct. but Misses Expectations

Satellite television provider DirecTV Group, Inc. (NYSE: DTV) posted a 43 percent rise in profit on Wednesday, driven by a higher subscriber count and high-definition services, but missed analysts expectations.
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Cisco Profits Jumps 35 Pct

Cisco Systems Inc. (NASDAQ: CSCO) posted a slightly stronger than expected profit in its third quarter on Tuesday, with net income rising 35 percent on acquisitions and stronger sales to corporate customers, however shares fell more than 5 percent in after hours trading.
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AMD Shares Dip on 1Q Loss

Shares of chipmaker Advanced Micro Devices (NYSE: AMD) dipped slightly in Friday trading after the semiconductor company posted a greater-than-expected first quarter loss and slower sales.
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Google Shares Jump on Profit Surge

Shares of Google Inc. (NASDAQ: GOOG), the world’s largest Internet search provider, rose in Friday trading after beating analysts’ estimates with a 69 percent jump in first quarter profit.
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Biolase Shares Plummet on Expected 1Q Loss

Shares of medical laser company Biolase Technology Inc. (NASDAQ: BLTI) tumbled on Wednesday after the company made a preliminary announcement of a first quarter loss.
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DivX Shares Rise on Higher 1Q Outlook

Shares of audio and video software firm DivX Inc. (Nasdaq: DIVX) rose on Tuesday after the company raised its revenue outlook for the first quarter of 2007.
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Rite Aid, Longs in Drug Store Swap

Drugstore chain Rite Aid Corp. (NYSE: RAD) and Longs Drug Stores Corp. (NYSE: LDG) said on Friday that they had signed an agreement to exchange six Longs Drug Stores in Washington, Oregon, and Northern California, for six Rite Aid stores in Nevada.
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PMC Sierra to Cut Jobs, Close R&D Centers

PMC-Sierra (NASDAQ: PMCS), maker of storage and broadband semiconductors announced a cost reduction initiative late Thursday, with plans to cut jobs and close offices to reduce operating expenses by $20 million to $24 million a year.
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UTi Tumbles on Missed Expectations

Shares in logistics firm UTi Worldwide Inc. (Nasdaq: UTIW) tumbled Thursday after the logistics firm reported that it’s earnings four the fiscal fourth quarter were short of expectations.
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Oracle Accuses SAP of Corporate Theft

Software firm Oracle Corp. (NASDAQ: ORCL) filed suit against its rival SAP AG on Wednesday, accusing the competitor of stealing intellectual property to offer 'cut-rate' services for its products.
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AMD May Cut Prices, Seek Capital: Analyst

Chip maker Advanced Micro Devices, Inc. (NYSE: AMD) may be planning another round of price cuts and may be looking to tap financial markets to offset its negative cash flow, according to one research analyst.
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New Century Faces Fannie Mae Cutoff

New Century Financial Corp. (OTC: NEWC) one of the largest companies offering subprime loans, disclosed Tuesday that it will no longer be allowed to sell mortgage loans directly to Fannie Mae or act as the primary servicer of any mortgage loans for the financier.
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Sun Poised for Comeback with Web 2.0

With the demand for computing power exploding among the distributors of media rich Internet content, some analysts believe Sun (Nasdaq: SUNW) is poised for a rebound in demand following five years in the wilderness.
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AMD Unveils New Flagship CPU, 65nm Single Cores

Advanced Micro Devices (NYSE: AMD)introduced a slew of new consumer-level processors on Tuesday, including two new low-power chips, and its highest performing dual-core processor to date.
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HP Edges Higher on Price Target Upgrade

Shares of technology company Hewlett-Packard (NYSE: HPQ) edged slightly higher in Tuesday mid-day trading, after an analyst raised his price target for the company on strength from its core businesses.

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